Breaking News: The Walt Disney Company is buying most of Rupert Murdoch's 21st Century Fox, a $52.4 billion deal likely to affect Hollywood and Silicon Valley

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Title : Breaking News: The Walt Disney Company is buying most of Rupert Murdoch's 21st Century Fox, a $52.4 billion deal likely to affect Hollywood and Silicon Valley
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The Walt Disney Company said Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion.

To complete the integration, a legacy-defining task, Robert A. Iger, Disney’s chief executive, agreed to renew his contract for a fourth time, delaying retirement from July 2019 to the end of 2021.

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